Inflation, Investing and Everything
"We lost 2 billion dollars and like any other business we have to stay afloat." And to keep from sinking, the United States Postal Service is considering cutting thousands of jobs nationwide. Lavelle Pepper with the post office in Shreveport says they too are feeling the affects of the same disease hitting the country ... a struggling economy. "We employ about 685,000 people. If we do layoffs it would include clerks, carriers, mail handlers across all crafts." Pepper says the postal service is looking to eliminate 40,000 jobs nationwide.
- If they are talking about the first layoff in the entire history of the US Postal Service, you'll probably have to go back to the 18th century. Horse riding and stuff. The employees of this organization have collectively survived the Civil War, the Great Depression, two World Wars, the 1970's oil crisis, the 1980's recessions, the 2000's tech bubble burst, and now they are finally defeated by the 2008 credit crisis?
This is serious stuff. This means that this could be worse than all of the above. These are early warning signs that this wave of mass layoffs is reaching out way beyond Wall Street, way beyond corporate America, and making a deep strike into government territory. Complete obliteration. Heads up. We are going straight into the Second Great Depression.
See also :
1. Wave of job cuts across corporate America, mass layoffs well beyond Wall Street
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